Which of the Following Statements Holds True for Kanban Production

question 3

Multiple Choice

Which of the following statements holds true for Kanban production control systems?

• A)The authority to produce or supply additional parts comes from upstream operations
• B)In a paperless control system,containers can be used instead of cards
• C)The cards or containers make up the Kanban push system
• D)They require substantial quantitative analysis prior to implementation
• E)They have not been successful outside of Japan and the United States

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Definitions:

Natural Monopoly

A market condition where a single firm can provide a good or service at a lower cost than any potential competitor, often due to economies of scale.

Fair Return

A reasonable profit for a business, considered equitable for both the business owners and consumers, typically governed by regulatory strategies.

Average Total Cost

The total cost divided by the number of goods produced, indicating the per unit cost of production.

Pure Monopoly

A market structure wherein a single company or entity exclusively supplies a particular product or service, facing no competition.